Entries Categorized as 'Start up Capital'

Boomer Venture Business Plan Competition $10,000 Prize

Date February 13, 2008

boomer_venture_contest
Over 78 million baby boomers were born between 1946 and 1964 here in the United States, making up 28% of the U.S. market. Estimates are that this group accounts for 77% of all financial assets. According to the Boomer Venture website, this represents over $2 trillion in annual spending power, a very lucrative market to go after.

The 2008 Boomer Venture Business Plan contest aims to identify business plans or startup ventures that show business potential for this ever increasing market.

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Indiana -Incubicity Business Idea Competition $25,000 Grand Prize

Date January 18, 2008

indiana_incubicity
This regional business idea competition is in North Central Indiana, specifically Montgomery, Fulton, Benton, Tippecanoe, Cass, Carroll, Tipton, Wabash, Howard, White, Warren, Clinton, Miami, or Fountain counties.

Incubicity is using the competition to promote new businesses and economic growth in North-Central Indiana. More thank $25,000 can be yours if your idea wins.

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Business Plan Competitions - What are They

Date December 18, 2007

business plan competition

Business plan competitions have been around for several years, primarily offered by business schools initially, they are becoming increasingly mainstream- being offered by some states, wineries, economic development programs and even Avon. If you are in the early stages of planning or are a young start up, do not turn up your nose at this excellent source of seed funds and advice. Most competitions are organized annually, particularly the university based events.

Typically, you or your team register to participate and follow the contest timeline for submitting preliminary materials such as an executive summary. Depending on the contest, you may have to submit a full business plan at a later date and if your plan makes it to the finals, you and your team will have to appear in person to do a presentation or “pitch” in front of the judges and investors in some cases. Competitions sponsored by businesses on the other hand, sometimes require only an essay or video entry describing your business idea.

business planAt the university level, business plan competitions are staged for undergraduate or graduate students, depending on the university, and grad students may not necessarily have to be pursuing an MBA for some competitions. For other competitions, all members of a competing team do not have to be students of the university, if at least one on the team is a student or former student in some cases, the team can compete.

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Reside in Michigan and Have a Business Idea? Compete to Win up to $25,000 for Your Startup

Date September 24, 2007

Michigan state bird The Great Lakes Entrepreneur’s Quest (GLEQ) Competition is now open.

The mission of this competition according to their website, is “to continually encourage and educate entrepreneurs on the creation, start up and early growth stages of high-growth businesses within the state of Michigan.”

If you live or work in Michigan, or can find a business partner who does, take a look at this. The deadline for registration in the first phase of the competition is October 31 so you should work fast if you want to get in on this one.

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Win $50,000 Seed Money to Start Business from Mirassou Winery

Date August 6, 2007

Mirassou, the California based winery is sponsoring it’s annual “Make Your Dreams Come True with Mirassou” business funding competition. Mirassou aims at overcoming the #1 obstacle women often face when trying to start a business, that is, finding startup funds. The winery has again teamed up with the National Association of Women Business Owners to select the winners.

COMPETITION RULES

  • Applicants must submit a 500-word or less essay detailing why they would be a great entrepreneur, in addition to a preliminary business plan.
  • Applicants must be WOMEN at least 21 years old
  • Legal residents of one of the 50 United States or the District of Columbia only but VOID IN CA, MA, TN, UT, PR, OUTSIDE THE FIFTY (50) UNITED STATES
  • Must not be a current business owner.
  • Read the rules of the competion on their website for all qualifications.

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